From Yahoo Finance: 2025-05-20 10:49:00

The Trump administration’s 90-day tariff pause benefits Apple Inc. (AAPL), with Wedbush analyst Dan Ives maintaining a $270 price target and Outperform rating. Ives sees Apple eyeing India as a key iPhone manufacturing hub, potentially making 60-65% of iPhones there. AAPL may pivot back to a China strategy based on tariffs and negotiations.

Despite Trump’s push for U.S. iPhone production, Ives believes Apple won’t manufacture in the U.S. due to supply chain costs. If AAPL did, Ives says iPhones would cost consumers $3,500. While AAPL has potential, Ives sees greater promise in AI stocks for higher returns in a shorter timeframe.

Read more: Well-Known Analyst Says Apple Inc. (AAPL) Is Enjoying a “Dream Scenario”